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Jan 28, 2013 11:00pm PST
.i.c. but it was at the price point we could afford. i am not rich. i am a working class professional. paying my property taxes, sending my son to public school in san francisco, trying to make ends meet like most people here. we have been patiently waiting to condo convert for six years with our financial stability deteriorating. we are trapped by our loan because we are not able to refinance and have a balloon payment due in two years. i'm scared what will happen in two years. i am not a real estate investor. i'm not looking to float my home. i am a mother who wants to raise her child in san francisco and have the same mortgage financing options as the rest of the countries. i urge you to support the condo bypass legislation. >> chair wiener: thank you very much. next speaker. >> hello. my name is julie, and i'd like to thank the supervisors for taking this into such serious and strong consideration. i think what's evident today is that the t.i.c. units and ownership is very unique to san francisco and therefore requires unique and brave decisions. i'm a single woman, i've lived here for 20 years, i bought m
Jan 28, 2013 4:00pm PST
the the tax from the two potential property sales of our current unit and the future unit. please help my family and other trapped t.i.c. owners in the city. and i have to add that this is the first time, after many, many years, that i feel there is some likelihood of this very long tunnel. thank you for your time. >> chair wiener: thank you. i will call more names. josephine -josephine --y, shirl, shirley, christina, chin, ingles, jim inglings, jake block, chi, jane, susan, kay walker, deborah -- brian blake, iris, martis, gran, stacy, kevin, rose, and beth palmer. next speaker. >> thank you. my name is -- i'm a district 8 t.i.c. owner. i purchased a three unit t.i.c. in 2007, with a 20% downpayment. i lived with my wife and two children. since the peak of the market there's been a dynamic change in the financial lending practices of banks in the bay area that i believe is quite unfair. right now, we have tried to sell one of the three units in our building twice, with no success, due to the inability to refinance. additionally, my partner and i have tried to refinance our property twice
Search Results 0 to 1 of about 2